Tongcheng Travel Holdings Limited (OTCMKTS:TNGCF – Get Free Report) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 227,329 shares, a drop of 37.0% from the September 30th total of 360,758 shares. Based on an average daily trading volume, of 327 shares, the days-to-cover ratio is presently 695.2 days.
Tongcheng Travel Stock Performance
OTCMKTS:TNGCF opened at $1.35 on Wednesday. Tongcheng Travel has a 12 month low of $1.35 and a 12 month high of $2.80. The stock has a 50 day moving average of $1.88 and a two-hundred day moving average of $2.57.
Tongcheng Travel Company Profile
Tongcheng Travel is a China-based online travel services company that operates a digital platform for travel booking and related services. Through its mobile applications, website and Weixin mini-programs, the company connects travelers with transportation, accommodation and leisure products.
Its services primarily include bookings for domestic and international flights, train tickets, hotels, bus transportation and attraction tickets. The platform also offers travel packages and other ancillary services, helping users plan and purchase multiple components of a trip through a single online ecosystem.
The company was established in 2004 and developed through the combination of Tongcheng and eLong, which joined forces in 2017.
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